https://pjmedia.com/vodkapundit/2020/09/28/nyt-bombshell-trump-paid-millions-in-taxes-owes-no-debt-to-russia-wait-what-n974892
“Trump Paid Millions in Taxes” isn’t nearly as scandalous a headline as “Trump Paid Only $750 in Taxes,” although, to be fair, it does have the advantage of being true.
“Trump Paid Millions in Taxes” isn’t nearly as scandalous a headline as “Trump Paid Only $750 in Taxes,” although, to be fair, it does have the advantage of being true.
Alexandria Brown dug deep into the New York Times‘ story to see if there was any truth to the shrieking headlines:
As Brown further noted, “Trump PAID, as in transferred to the US Treasury, $1 million in 2016 and $4.2 million in 2017. Note also that most of the overpayment was rolled forward, not refunded.”
People who own and run businesses take losses in some years, and pay little or nothing in taxes, and make great sums in other years and pay much more in taxes.
They also take advantage of tax breaks, tax credits, and tax incentives — just like you and I do.
Here’s a screencap from the actual NYT report:
The Treasury was millions of dollars richer in 2016 and 2017, thanks to checks signed “Donald J. Trump.” But thanks to our overly complicated tax code, the line-item amount Trump technically paid for those years was $750.
Fact Check: Are you kidding us with this nonsense, NYT?